With 93 of the 500 richest people in the world aged at least 80 years old money managers are pulling out all the stops to hold their ultra-wealthy clients close. Bloomberg unpacks how young, soon-to-be billionaires, get an exclusive look at emerging tech and access to industry insiders.
The tours take evening outings to places like Regale Winery & Vineyards and Michelin-starred Dio Deka restaurant. The daytime speakers are pretty prestigious, too, with schedules touting entrepreneurs like Twitch co-founder Kevin Lin, who sold his company to Amazon.com Inc. for $970 million. Deutsche Bank’s Los Angeles event included Javier Verdura, Tesla Inc.’s director of product design, and Hollywood talent titan Ari Emanuel, the model for Ari Gold on HBO’s Entourage. “It sort of feels like when you were a child and you go on class trips with your school,” Karmann said. “You’re put together with a bunch of like-minded international people in Silicon Valley and you grow and network and learn all together.”